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john boehner is meeting with president obama at the white house. we have new signs today that the gop's support is crumbling. and they called it the crime of the century. five young men convicted of a heinous assault in new york's central park. the only problem sfwh they didn't do it. >>> once a juvenile is broken down, you can basically tell him anything. and, you know, they fed me the names. >> my interview with the central park five, a powerful story of injustice and fighting for what's right. you're watching po ining "polit nation" on msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerew
john boehner is meeting with president obama at the white house. we have new signs today that the gop's support is crumbling. and they called it the crime of the century. five young men convicted of a heinous assault in new york's central park. the only problem sfwh they didn't do it. >>> once a juvenile is broken down, you can basically tell him anything. and, you know, they fed me the names. >> my interview with the central park five, a powerful story of injustice and fighting...
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house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you talk about how this is going to game out, at least what you're timing is on this, sandra, you have to
house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer...
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president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. >>> tonight i'll be spea
president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case...
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john boehner says something negative -- david: mark, i have to interrupt. we have the numbers from adobe. bringing it to you first. adam going through the numbers. what are they, adam? >> investors happy beating what was expected of revenue on 1 #.5 billion. inviers wonder how they went to charge in the cloud going to impact and looks they are doing well. back to you. >> by the way, we have the after hour numbers for you, and as you can see, says zero. there's a lot of traders who want to trade afterhours, but trades halted. as soon as they are lifted, we'll tell you, mark sebastian with adobe, interesting they hold shares on good news, mark. >> you know, when they know the news is the type of thing that drives the stock, they don't want anyone front running it. i think that revenue number was really positive for adobe. i'm guessing when it opens, we'll beat that market exception. this could be a good sign. david: company expects to add 125,000 members to the creative cloud subscription, the new subscription service adding 94 million in revenue, going throu
john boehner says something negative -- david: mark, i have to interrupt. we have the numbers from adobe. bringing it to you first. adam going through the numbers. what are they, adam? >> investors happy beating what was expected of revenue on 1 #.5 billion. inviers wonder how they went to charge in the cloud going to impact and looks they are doing well. back to you. >> by the way, we have the after hour numbers for you, and as you can see, says zero. there's a lot of traders who...
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>> president obama and representative boehner have announced and boehner's office confirmed they will meet at the white house today at 5:00 p.m. eastern right after -- right after the closing bell, bill. >> right after. >> the point is the house has said they are going away for a long weekend tomorrow, and here we have boehner -- >> wait, don't go yet. >> getting this meeting in at 5:00 p.m., and it's amazing the market came halfway back just on that announcement. not that we have details of a deal, not that we know that we're having an agreement. just the fact that they are meeting. >> actually i thought they would come off the loews much more. >> you did. >> cut it in half, but it stalled here. >> we need more detail. it is encouraging. >> yeah. >> that they are talking. i mean, as long as you've got them in the same room. now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it.
>> president obama and representative boehner have announced and boehner's office confirmed they will meet at the white house today at 5:00 p.m. eastern right after -- right after the closing bell, bill. >> right after. >> the point is the house has said they are going away for a long weekend tomorrow, and here we have boehner -- >> wait, don't go yet. >> getting this meeting in at 5:00 p.m., and it's amazing the market came halfway back just on that announcement....
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but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for anything. it is already spent with the post office and fha bailout. does the white house privately acknowledge this point? do they understand how big the deficit is verse thus small amount of money? >> of course they understand it. i don't accept what you just said, ryan. >> you can't debate math. >> well, you called it punitive. and i -- >> i i'm just wondering if that's what it is at this point? >> i don't think it is. look, the white house negotiated a deal with republicans last year to cut a trillion dollars out of discretionary spending. they are looking for a $4 trillion deal. that's one-fourth of t
but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for...
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those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge
those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here....
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boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like
boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [...
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what can boehner do? >> i think that a lot of that consternation on the right is going towards john boehner is a little bit overplayed. surely, there are folks who are angry at him, but his speakership is not in any serious jeopardy at this time. what i find interesting here, though, joy, especially coming out of the press conference with speaker boehner just now, is he neglected to answer head on questions about whether or not he would allow a bill that would go to the floor that who lower rates for those making $250,000 or below, and what we're hearing on capitol hill is this idea from republicans that, look, we're not going to win this fight on taxes right now. let's allow the president to have his tax rates on the wealthiest earners go up. however, we're not going to give him a single other priority of his that he would like to see in this type of deal, like unemployment insurance. we're not going to give him anything like a payroll tax cut, and we're going to move to the debt limit in order to try to
what can boehner do? >> i think that a lot of that consternation on the right is going towards john boehner is a little bit overplayed. surely, there are folks who are angry at him, but his speakership is not in any serious jeopardy at this time. what i find interesting here, though, joy, especially coming out of the press conference with speaker boehner just now, is he neglected to answer head on questions about whether or not he would allow a bill that would go to the floor that who...
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boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea party people out of committees in order to get his conference more in line. connell: he better kind of followed the line here. >> that is how you organize and discipline. it will hurt the economy without solving the problem. connell: is he supposed to -- that would be characterized as a "grand bargain." if you are right, his job is literally on the line. >> there isn't much of an option. he has not been talking about that. there is no intellectual foundation for math. if it gets tough, he gets blamed. he is going to come up with a lousy deal of some
boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea...
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jenna: so that's senator durbin responding to also what congressman boehner, speaker boehner said last hour. we brought that to you live as well. there's a lot of back and forth about what's happening in congress right now, where are we with the fiscal cliff negotiations based on these two pressers, it's fair to say probably not close to a negotiation. watch it, by the way, streaming at foxnews.com live, so you can check out for that. now we have a rare opportunity for you. just coming in to us on the newsroom, we have a phoner from aleppo, syria. a friend of the show, we've talked to him before when he came back stateside is in aleppo right now, and he's going to tell us a little bit about what's happening on the ground. barak, can you describe what's happening in that city? >> basically, the rebels hold part of the city, and the regime holds the other part of the city, and the regime shells -- [inaudible] you hear jets in the sky. and it's very, very difficult right now for the civilians to lead a regular life. one man told me today he -- [inaudible] 20 days. people respect having, a
jenna: so that's senator durbin responding to also what congressman boehner, speaker boehner said last hour. we brought that to you live as well. there's a lot of back and forth about what's happening in congress right now, where are we with the fiscal cliff negotiations based on these two pressers, it's fair to say probably not close to a negotiation. watch it, by the way, streaming at foxnews.com live, so you can check out for that. now we have a rare opportunity for you. just coming in to us...
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and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they want either way. this is trufrustrating republic. when i talk to republicans privately, they say this is hugest from trags. the speaker has put $800 billion on the table and said he would go higher than if the president would come along with spending cuts. >> how high are you hearing? >> it's unclear. i think he's just signaling a willingness which many republicans tell me will also end up being a move on the tax rates. but he can't go there with his caucus, unless he has the spending cuts that he can sell $800 billion in revenue, and we're going to get you $800 billion in spending cuts. democrats don't
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they...
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they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if there is no fiscal cliff deal. dealing with those cuts might force some action. that's going to be necessary. the stalemate right now is genuine. president obama wants republicans to commit publicly to raising income tax rates on the top 2% of households. republicans want the president to commit to spending cuts. then they'll talk about raising taxes next year in the context of tax reform but neither side trusts each other's motives or willingness to cut a deal. that lack of trust as well as a lack of shared history of cutting deals is what's blocking progress and preventing a compro
they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if...
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in fact, speaker boehner and republican leaders have warned rank and file republicans that they should be prepared to be here in washington, through christmas, and until the new year. the two sides don't even agree on what's holding everything up. the white house says that everything could be resolved quickly if republicans just agreed to raise tax rates on the wealthy. republicans say what's really the problem here is the white house won't get serious about spending cuts. >> everyone waiting on those two men. meanwhile, one of the side casualties may be that funding for the victims of hurricane sandy. >> reporter: that's right. i do not think that hurricane sandy funding, the $60 billion request from the white house, will get done while there's an impasse here. republicans are already blocking at the cost. they point out, george, that $60 billion, that represents almost everything you would raise next year by increasing those tax rates on the top 2%. and they also point out that fema still has about $5 billion in its disaster relief fund, enough to go through march. >> okay, jon karl
in fact, speaker boehner and republican leaders have warned rank and file republicans that they should be prepared to be here in washington, through christmas, and until the new year. the two sides don't even agree on what's holding everything up. the white house says that everything could be resolved quickly if republicans just agreed to raise tax rates on the wealthy. republicans say what's really the problem here is the white house won't get serious about spending cuts. >> everyone...
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i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a deal with the president, rather than speak for the party. noww you know, stuart, in the british system, someone will stand on the floor of the house of commons in the opposition and give a major statement of the party's position in any given fight. i don't see why it should not be possible to designate somebody like paul ryan or eric cantor or even marco rubio to stand down in washington and give a major presentation. charles: if they give the presentation and the lead ser doing something different -- and the leader is doing something different, isn't that a mixed message? >> boehner needs to put it in a larger context of purpose. he hasn't done that. stuart: he's stuck in the process. >> he's bogged-down in the process and obama is defining the narrative. >> the fiscal cliff deal is really about tax hike, that's the primary component is about the tax hikes. the spending is a very little percentage. we're focusing on a deal rather than the larger e
i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a deal with the president, rather than speak for the party. noww you know, stuart, in the british system, someone will stand on the floor of the house of commons in the opposition and give a major statement of the party's position in any given fight. i don't see why it should not be possible to designate somebody like paul ryan or eric cantor or even marco rubio to stand down in washington and...
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boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't the government agencies. it wasn't fema. it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to na
boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't...
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the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that things are not going that well. they have exchanged another set of counteroffers to no avail, and still at this point there is this impasse over tax rates. the white house, president obama saying that the income tax rate for earnings over a quarter million dollars must go up. republicans saying no and accusing the president of not being specific about spending cuts and entitlement reforms, reform medicare, medicaid and social security. >> so let me ask you a question about this report that we're hearing that the obama administration might be looking at a republican to succeed the defense secretary, leon panetta. who is on that list at this point? >> reporter: yeah, that's right. this is former nebraska senator chuck hagel, a republican. s
the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that things are not going that well. they have exchanged another set of counteroffers to no avail, and still at this point there is this impasse over...
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boehner is holding the line. it's interesting, new fox news poll came out yesterday and people were asked, if income taxes do go up on the top 2% or whatever, should the president agree to make major spending cuts as well? look at that gigantic number. about 90% say yes. only the hard liners, 9%, say no. >> yeah. yeah. that's encouraging and that's more evidence that the president's claim to some sort of broad mandate to hike all taxes, not just income taxes, is not there. and look, look at the medical device tax. now you've got all of these democratic senators who voted into place running from it, screaming bloody murder! they're finally getting the message and i think this really should bolster the tax reform. >> gretchen: it also show that americans realize that just increasing taxes does not fix the problem that america has right now. and what we're passing on to the next generation focusly. real quickly, your thoughts on going green means going broke for some schools. please explain. >> yeah. big energy scam
boehner is holding the line. it's interesting, new fox news poll came out yesterday and people were asked, if income taxes do go up on the top 2% or whatever, should the president agree to make major spending cuts as well? look at that gigantic number. about 90% say yes. only the hard liners, 9%, say no. >> yeah. yeah. that's encouraging and that's more evidence that the president's claim to some sort of broad mandate to hike all taxes, not just income taxes, is not there. and look, look...
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boehner, why are you representing the 2% and not just the 98%. lots and lots to talk about here this morning. and you'll want to get into the conversation, we know, and you can do so, give us a call at 1-866-55-press. follow us on twitter and talk to us on twitter at bpshow. or on facebook. facebook.com/billpressshow. our team here, entire team, phil backert has the phones. >> go ahead. >> bill: peter ogborn and dan henning. it was a tough lunch yesterday. >> still a little foggy. i've never seen you drink so many martinis. >> bill: well, they're good at the palm. so i just tell them to make a pitcher. [ laughter ] >> bill: i was well-behaved compared to cyprian. cyprian is our videographer here. he slept from noon yesterday until what? i think 4:00 this morning. >> he just woke up. he looks terrible this morning. >> bill: poor guy. he can't even speak to defend himself. >> i've never seen anybody mix cocktails the way he did. he put a little bit of everything behind the bar. rum, tequila vodka tomato juice and pineapple juice. >> bill: it beats
boehner, why are you representing the 2% and not just the 98%. lots and lots to talk about here this morning. and you'll want to get into the conversation, we know, and you can do so, give us a call at 1-866-55-press. follow us on twitter and talk to us on twitter at bpshow. or on facebook. facebook.com/billpressshow. our team here, entire team, phil backert has the phones. >> go ahead. >> bill: peter ogborn and dan henning. it was a tough lunch yesterday. >> still a little...
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for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cme. as i said, a cnbc contributocon. guy, i'll start with you. i just referenced and we had jas
for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we...
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>> want to know about john boehner? >> sure. >> do we have the boehner sound bite? roll it. >> the president and i had a deliberate call yesterday and we spoke honestly and openly about the differences that we face. but the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> we can bring a bill to the floor that the republicans don't have to vote for except for 25. hi to do it as speaker. do you know what it was like for me to bring a bill to the floor to fund the war in iraq? it's tough. but you have to do it. is the point you don't want to put your members on the spot, figure it out. we did. figure it out. >> figure it out, richard, when both sides are dealing with each other in good faith and i think it's important to note that the president was at one point $6 trillion. he's at $1.4 trillion. that ain't nothing. i think that requires john boehner, if we're playing in good faith to publicly go from 800 to 1. send a message and have the battles that we were talking about, michael was talking about, how are you going
>> want to know about john boehner? >> sure. >> do we have the boehner sound bite? roll it. >> the president and i had a deliberate call yesterday and we spoke honestly and openly about the differences that we face. but the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> we can bring a bill to the floor that the republicans don't have to vote for except for 25. hi to do it as speaker. do you know what it was like...
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house speaker john boehner is warning his fellow republicans not to make any christmas plans and tea party conservatives are in no mood to negotiate on tax hikes. >> i tell them come to me after you've gotten rid of all the spending. come to me when you get rid of the $3 million you spent last year to watch monkeys on methamphetamine. come to me after you pay for the money you spent on watching a robotic squirrel. >> tracie potts is live with the latest. >> reporter: good morning. no movement to report in the fiscal cliff. we can tell that you across the country mayors and governors are becoming increasingly concerned about the impact back home. there's growing angst on capitol hill over the fiscal cliff. >> figure it out. >> it's really time to get serious. >> reporter: mayors are getting nervous. >> congress needs to act immediately. >> reporter: and the public is worried. in our new nbc/"wall street journal" poll, 70% of democrats and 59% of republicans urge compromise. the country is evenly split over whether that will happen. republicans rejected president obama's latest plan to
house speaker john boehner is warning his fellow republicans not to make any christmas plans and tea party conservatives are in no mood to negotiate on tax hikes. >> i tell them come to me after you've gotten rid of all the spending. come to me when you get rid of the $3 million you spent last year to watch monkeys on methamphetamine. come to me after you pay for the money you spent on watching a robotic squirrel. >> tracie potts is live with the latest. >> reporter: good...
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speaker boehner and the president are still talking, but while the speaker characterized his conversation with the president sunday as cordial, he described his conversation tuesday as frank and deliberate, so decipher that and you realize things that in the last couple of days have deteriorated. both the white house and the speaker were asked about reports that the discussion on tuesday was intense, and that's something that the white house didn't dispute. >> i'd simply say that we confirmed the call. one in a series of conversations as well as a meeting, as you know, recently the president has had with the speaker aimed towards the effort of trying to find some common ground on this important issue. >> i didn't say it was tense. listen, there were some offers that were exchanged back and forth yesterday. the president and i had a pretty frank conversation about just how far apart we are. >> now, the bottom line here, sozoraida zoraida, the president is saying income tax rates for anything over a quarter of a million dollars must increase and the republicans saying no and accusing the wh
speaker boehner and the president are still talking, but while the speaker characterized his conversation with the president sunday as cordial, he described his conversation tuesday as frank and deliberate, so decipher that and you realize things that in the last couple of days have deteriorated. both the white house and the speaker were asked about reports that the discussion on tuesday was intense, and that's something that the white house didn't dispute. >> i'd simply say that we...
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the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and, anderson, pope benedict xvi blessed his internet followers in his first tweet today. the pontiff has nearly 1 million followers on this english twitter page alone. and has many other accounts in several other languages. some say he is the coolest pope in history. >> isha, thanks very much. >>> a former u.s.afghanistan. now, his parents fear he may die in a mexican prison. they're pleading for his safe return after what began as a surfing trip, it's turned into a nightma nightmare. w? >>> a new twist in the bizarre story of millionaire internet pioneer john mcafee. police in belize want to quest
the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>>...
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maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and get a hell of a lot more than the old rates under bill clinton. why not go to 42%? why not go to 45% for people who make over $10 million a year? i mean, do we really want to solve this? do we really want sacrifice? or do we just want to take our toe and put it in the lake and see if it's still cold out? come on, folks. these lawmakers in washington need some pressure put on them. we need to go higher than 39.6%. we need to go to at least 42% for the wealthiest americans making over a million dollars a year and tell bain their is the way it's going to be, o
maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and...
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boehner was their leader ostensibly. eric cantor is not undermining boehner in any way. we also have a different context politically. the house republicans maintained the majority but lost seats. i think they realize they can't go through these type of standoffs and continue to hold on to power. they also have cover, importantly, i think, from conservative commentators who are saying, maybe, this isn't the best time to start demanding no rate hikes. i think when the cultures step out there and give you that type of cover, that does give a lot of leeway and it does quiet some of the louder tea party members of the caucus. >> as i said, they had exactly one senator with them today. let's listen to how tough rand ball wants to play this thing. let's listen to this. >> my suggestion to them has been, and i've talked to several members, and you can ask them too, i think we should put forward what we are for. if it gets beyond that and something is going to happen, i think we should encourage those in the house to vote present. let the democrats own this tax increase and it co
boehner was their leader ostensibly. eric cantor is not undermining boehner in any way. we also have a different context politically. the house republicans maintained the majority but lost seats. i think they realize they can't go through these type of standoffs and continue to hold on to power. they also have cover, importantly, i think, from conservative commentators who are saying, maybe, this isn't the best time to start demanding no rate hikes. i think when the cultures step out there and...
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boehner responded saying, quote, i've september the president our proposal. if he doesn't like our plan, he
boehner responded saying, quote, i've september the president our proposal. if he doesn't like our plan, he
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you win for now, boehner. >> bill: "the o'reilly factor" is on. tonight violence breaks out in michigan over the state giving workers the option not to join unions. we'll show you how the networks covered this intense story. >> are you going to be able to raise taxes, yes or no? >> taxes are going to go up one with acor the other. >> bill: miss walters will be here and dennis miller will have some thoughts on the situation. >> we're young -- >> bill: anger growing over new tv program that mocks white people in west virginia. >> whatever happens happens. >> bill: caution, you are about to enter the no spin zone. "the factor" begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching. violence in michigan. that is the subject of this evening's talking points memo. last night i opined that hate speech is a vie lint act because it incites people to harm the target of the speech. now we're seeing speech leading to actual physical violence in michigan. the issue is a new state law that allows michigan work force legally opt out of joining a u
you win for now, boehner. >> bill: "the o'reilly factor" is on. tonight violence breaks out in michigan over the state giving workers the option not to join unions. we'll show you how the networks covered this intense story. >> are you going to be able to raise taxes, yes or no? >> taxes are going to go up one with acor the other. >> bill: miss walters will be here and dennis miller will have some thoughts on the situation. >> we're young -- >>...
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tom says, "sounds like boehner is about to gi president obama the store. good-bye, america. not quite." that's all for us. thanksg with us. good night from new york. ♪ [bleep] >> you heard the lady in there. >> i ain't nobody. >> [inaudible] >> get out of my face. [bleep] back off. [bleep] [inaudible conversations] neil: you've seen it, you wonder about it. unions unhinged, and the guy they unhinged here tonight. fox on top of unions doubling down and in michigan. their supporters far from correcting them try commending them. >> we're going to pass something that will undo a hundred years of labor relations, and there will be blood. there will be repercussion neil: so you think we have another wisconsin on our hands? what have i told you? this is not about right to work. this is looking more and more like right to whack. welcome, everybody. i'm neil cavuto, and whether you're for the michigan governor trying to make his the 24th right o work state right now, consider this, they are not taking it down, and they will be damned if they get wisconsinized right now. you remembe
tom says, "sounds like boehner is about to gi president obama the store. good-bye, america. not quite." that's all for us. thanksg with us. good night from new york. ♪ [bleep] >> you heard the lady in there. >> i ain't nobody. >> [inaudible] >> get out of my face. [bleep] back off. [bleep] [inaudible conversations] neil: you've seen it, you wonder about it. unions unhinged, and the guy they unhinged here tonight. fox on top of unions doubling down and in...
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>>> john boehner is telling lawmakers not to make christmas plans. the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and pope benedict xvi blessed his followers in his first tweet today. he now has one million followers on this twitter page alone and many more account in several other languages. some saying that he's the coolest pope in history. >> isha, thank you. >>> a former u.s. marine served iraq and afghanistan and now his parents fear that he may die in a mexican prison. they are pleading for his safe return after what was a surfing trip. johnny hammar's story just ahead. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right
>>> john boehner is telling lawmakers not to make christmas plans. the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016....
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maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. lou: joining me now is the a-time, suzanne we start with you, is this going to be a deal or are speaker boehner and president obama wasting our time? the sticking point is not the tax rates, i think that real sticking poi is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dia most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap i around the capitol, "it's the spending, stupid." >> the truth is that tax receipts have risen, revenue for federal government has risen by 26%. 210, 2010, and 2011, there is room to perhaps give there. but, i have to ask you, am saying now. i was going to say, i think we're being gamed in a different way. i am now in school that believes this president
maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. lou: joining me now is the a-time, suzanne we start with you, is this going to be a deal or are speaker boehner and president obama wasting our time? the sticking point is not the tax rates, i think that real sticking poi is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this --...
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come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant mad-lib. for instance, we agree to cut ten be zillion from the program that gives ukuleles to the sticky poor. toilet boom! (cheers and applause) we will have more on this story -- if i have to. (laughter) nation, there's a danger lurking around every corner. that's why i say we must start making all of our buildings round. (laughter) this is the threat down. (cheers and applause) first up, folks, i always keep watch on our international enemies, especially north korea. and their dear leader kim jong-un. in my book he is public enemy number un. (laughter)
come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant...
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boehner, and the president. and i believe that they will have a framework agreement. i believe they'll have it early next week. and i believe it will secure the votes in both the senate and the house. we may miss some on the wings, but i think the center will hold, and i think it can pass. >> senator kent conrad, it's been a pleasure working with you all these years. the senate is going to miss you. you're one of the well reasoned ones on the hill and in that chamber. i appreciate your time and thanks for joining us tonight. all the best to you. >> thank you, ed. love your show. >> thank you. >> and that is "the ed show." i'm ed schultz. the "rachel maddow" starts right now. good evening, rachel. >> good evening, ed. thanks, my friend. and thanks to you at home for staying with us this hour. over the summer, this past summer, republican governor rick snyder of michigan signed a bill to expand the use of telemedicine in his state. his new law requires that insurance companies have to pay for treatment that you get via contact with a doctor through like a web cam or oth
boehner, and the president. and i believe that they will have a framework agreement. i believe they'll have it early next week. and i believe it will secure the votes in both the senate and the house. we may miss some on the wings, but i think the center will hold, and i think it can pass. >> senator kent conrad, it's been a pleasure working with you all these years. the senate is going to miss you. you're one of the well reasoned ones on the hill and in that chamber. i appreciate your...
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that was sign that the republican leadership is backing up boehner who says there is no deal yet and the president is not moving yet. >> bill: okay. we'll bring it back next week. >> thank you. >> bill: i like the pocket hankie. we have a new poll question. do you believe "the factor"'s christmas controversy coverage is accurate or overblown? we'll give you the results on monday on that. plenty more ahead as "the factor" moves along this evening. barbara walters interviewed president obama yesterday. we'll debrief her on the chat. dennis miller has some things to say about miss walters' most fascinating people list. we hope you'll stay tuned for that report and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? [ engine revs ] ♪ ♪ [ male announcer ] t
that was sign that the republican leadership is backing up boehner who says there is no deal yet and the president is not moving yet. >> bill: okay. we'll bring it back next week. >> thank you. >> bill: i like the pocket hankie. we have a new poll question. do you believe "the factor"'s christmas controversy coverage is accurate or overblown? we'll give you the results on monday on that. plenty more ahead as "the factor" moves along this evening. barbara...
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maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lou: joining me now is the a-time, suzanne we start with you, is this going to be a deal or are speaker boehner and president obama wasting our time? the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent c
maybe, a deal that some conservatives say could cost speaker boehner his job. the a-team coming up next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus which includes...
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that's what speaker boehner has been saying. more tax increases for the rich. that's what the president has been saying. the outlines for the deal are right here. raise taxes on the rich and have a lot of spending cuts. the public is behind that. yet they somehow won't come together on it. >> shepard: or if they have, we don't know it. >> that's right. >> shepard: ed henry, thanks. >>> the u.s. is set to withdraw most of its troops from afghanistan by 2014. today the defense secretary leon panetta gave us new details on the time line. military families may find that interesting. also the crisis in syria and the rebel coalition has the backing of the united states us, at least on paper. one rebel leader says they need more. what that means and why it could be a real problem for the white house. that's next as fox reports live tonight ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission and rotary shifter in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. [ male announcer
that's what speaker boehner has been saying. more tax increases for the rich. that's what the president has been saying. the outlines for the deal are right here. raise taxes on the rich and have a lot of spending cuts. the public is behind that. yet they somehow won't come together on it. >> shepard: or if they have, we don't know it. >> that's right. >> shepard: ed henry, thanks. >>> the u.s. is set to withdraw most of its troops from afghanistan by 2014. today the...
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speaker boehner has been trying to do that. the money is just flowing out, we will continue to talk about the legislature and the president has not come to the kitchen table with a real plan. tracy: the crazy part is that we should have been at the kitchen table in september. instead you have eric cantor saying don't make holiday plans, we will be here until the lights go on december 31. >> it actually goes back further than that. for the last two years, republicans have asked this administration to do what you're saying you're going to do very come to grips with your so-called balanced approach. for two years, we have been asking the administration to do that. back from when we pass the budget control act and the so-called super committee. we have been asking the president come to grips with the spending issue. he does a lot of good talking on the stump. maybe you can use your marriage analogy a little further. he has dalliances with special interest groups. when he comes back to washington, he turned completely off on that is
speaker boehner has been trying to do that. the money is just flowing out, we will continue to talk about the legislature and the president has not come to the kitchen table with a real plan. tracy: the crazy part is that we should have been at the kitchen table in september. instead you have eric cantor saying don't make holiday plans, we will be here until the lights go on december 31. >> it actually goes back further than that. for the last two years, republicans have asked this...
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only 39% of republicans approve of boehner's handling of it. so it's not like he has the wind to his back. >> that's right. i think that speaks to, really, this is a fractionist party. boehner's is the leader of this house faction, but i think the republican party is very split nationwide and those polls suggest -- and i do think, also, that we're seeing a lot in the public play out. but there's all sorts of private talks going on that we just don't know about. you heard from pelosi today about talks that she had. of what her impressions of where this deal actually is. you heard from jay carney the same thing. they don't want to play this out in public. they don't want to play it out in that way because it might jeopardize a deal later on. on the one hand, you have boehner with a public theater that may not actually be in keeping with what is actually going on behind closed doors. i think both of these men are ultimately going to have to get a deal done. and both of them are thinking about their legacy. they're also thinking about what it's goi
only 39% of republicans approve of boehner's handling of it. so it's not like he has the wind to his back. >> that's right. i think that speaks to, really, this is a fractionist party. boehner's is the leader of this house faction, but i think the republican party is very split nationwide and those polls suggest -- and i do think, also, that we're seeing a lot in the public play out. but there's all sorts of private talks going on that we just don't know about. you heard from pelosi today...
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now, what needs to happen to persuade speaker boehner? i mean, do we need to raise lazarus from the dead? >> i don't know what we have to do. the public has clearly spoken. this election showed that people in regard to making less than $250,000 the tax cuts should be extended. we agree on that. we need to let that happen as soon as possible. but they have also said that those who have benefitted and are doing very well in our society should pay more. and so i don't know why they can't get this through their heads, martin. but they need to get it. because the public has spoken and the public has been very clear on that. >> and today former speaker nancy pelosi schooled speaker boehner on what it means to make difficult decisions as a leader. take a listen to this. >> i had to do it as speaker. do you know what it was like for me to bring a bill to floor to fund the war in iraq? so it's tough. but you have to do it. so is the point that you don't want to put your members on the spot, figure it out. we did. figure it out. >> there's nancy pe
now, what needs to happen to persuade speaker boehner? i mean, do we need to raise lazarus from the dead? >> i don't know what we have to do. the public has clearly spoken. this election showed that people in regard to making less than $250,000 the tax cuts should be extended. we agree on that. we need to let that happen as soon as possible. but they have also said that those who have benefitted and are doing very well in our society should pay more. and so i don't know why they can't get...
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house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official claims a concession would open a pathway to a deal, however republicans and democrats are still hundreds of billions of dollars apart on how large of a tax increase congress should pass and how much spending it should cut. thank you. david: this time their representatives of utility companies saying tax hikes, find out which ones could kill the stocks. find out why would we talk to two of the ceos live from d.c. liz: an
house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting...
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that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house, 100 senators are going to be told to stay here during that christmas week leading up to new year's? >> reporter: it is entirely possible. what leaders have done in the past, even as recently as last week, is sent home rank and file members while the leaders stayed and negotiated. but as we get closer to the holidays, it's entirely possible, even maybe probable that they will keep everybody here in case they actually do get a bill and they will be able to pass it fast. we know that when things move, they actually move very quickly and en there's a will to get out of here, particularly as
that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house,...
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speaker boehner's approval rating is taking a beating. the top tax rates that is a core issue for republicans, even though we are hearing from more of them, a handful of members in both the house and senate talking about the likely hood that that will in fact happen. the highest earners will pay more. that would likely be the last piece of the puzzle in a negotiation. i'm hearing from people in both sides say expect this to keep going and a likelihood if a deal is achievable it will happen close to the deadline seems to be the thinking. they are telling everybody to be prepared to be here during the holidays. we are hearing that as well. there is sort of a resignation that it's going to be a long process. >> thank you, kelly. great le appreciate it. the national political reporter for the atlantic democratic strategist keith bicycle in. amy stoddard, associate editor for the hill paper. thank you all for joining us. let me start off with you. we are going to show our audience later the headlines or a couple of the headlines out there. if
speaker boehner's approval rating is taking a beating. the top tax rates that is a core issue for republicans, even though we are hearing from more of them, a handful of members in both the house and senate talking about the likely hood that that will in fact happen. the highest earners will pay more. that would likely be the last piece of the puzzle in a negotiation. i'm hearing from people in both sides say expect this to keep going and a likelihood if a deal is achievable it will happen...
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Dec 12, 2012
12/12
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. >> no deal to avoid the fiscal cliff, john boehner keeping the dialogue going and even trading new proposals but not stopping them from calling each other out. rich edson is in washington. >> that usually stops or pauses at the very least when there is progress. democrats and republicans have been stuck for weeks. the white house reduced its offer on tax increases for $1.6 trillion to $1.4 trillion including a willingness to begin corporate tax reform. republicans santa white house has to embrace significant spending cuts. >> during our budget we had no new revenue. look at the president's but he has $1.6 trillion worth of new revenue in his budget. we have been reasonable, responsible in our approach to this and we will continue to do that. time for the president to do his part. >> democrats say republicans have secured a one trillion dollars in spending cuts, part of last year's the deal and it is time to tax the wealthy. >> it is like a charlie brown cartoon. how many times, how many times is charlie brown going to try to kick that football? we know every time he approaches that
. >> no deal to avoid the fiscal cliff, john boehner keeping the dialogue going and even trading new proposals but not stopping them from calling each other out. rich edson is in washington. >> that usually stops or pauses at the very least when there is progress. democrats and republicans have been stuck for weeks. the white house reduced its offer on tax increases for $1.6 trillion to $1.4 trillion including a willingness to begin corporate tax reform. republicans santa white...
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Dec 12, 2012
12/12
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you have boehner come out, reid come out, cantor come out, and they're all somewhat measured, if not negative, on the result of the fiscal cliff. so the market's clearly building in a deal. if i were bernanke, here's what i'm thinking. i'm thinking, if i get the grand bargain, i don't have to do anything additional to what i'm doing now because the economy is going to explode fwr trom the pent-up corporate spending. if i wait, let them take care of it. that's unlikely, though. i think the fed is in a holding pattern and let the market bounce around without the upside gains. >> is that it, or are you just getting warmed up? >> let's go to murph. >> if you don't get anything from bernanke today, the market is going to sell off. if we see bernanke step away from the easing today, we're going to go a lot lower on the mark market. i don't think that's going to happen. i think you'll see him extend and see what happens with the fiscal cliff. >> what does the market want to hear from the fed today. jim is chief financial strategist for wells capital management. thanks for coming back. >> th
you have boehner come out, reid come out, cantor come out, and they're all somewhat measured, if not negative, on the result of the fiscal cliff. so the market's clearly building in a deal. if i were bernanke, here's what i'm thinking. i'm thinking, if i get the grand bargain, i don't have to do anything additional to what i'm doing now because the economy is going to explode fwr trom the pent-up corporate spending. if i wait, let them take care of it. that's unlikely, though. i think the fed...
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Dec 12, 2012
12/12
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crisis better, 49% support president obama and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >> yeah. >> how old are your kids, 23, 18, and 11. >> what do you tell them when they see the economy in front of them and hear all this fighting in washington about the fiscal cliff. you've been looking for a job for more than six months now. are you more optimistic or less than things will turn around next year? >> i believe it's going to turn around. it will probably take a little time, but i think it will. >> you need the government to help now until that happens? >> yes, i definitely do. >> you just had a baby. congratulations. >> thank you. >> are you concerned about your kid's f
crisis better, 49% support president obama and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i...